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Research Alert: Metlife, Inc. Q1 Eps Tops Expectations On Broad-based Growth

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

MET posted Q1 operating EPS of $2.42 versus $1.96 last year, topping our $2.20 estimate and the $2.27 consensus view. Q1 operating revenues rose 6.5% to $19.7B due to a 5% rise in premiums and 10% higher net investment income, while full-year 2025 revenue growth of 8.7% exceeded our 2%-6% forecast. We are encouraged by broad-based above-peer growth rates despite lower pension risk transfer (PRT) activity, with premium and fee revenues excluding PRT growing 10% and strong results across segments including Group Benefits (+19% earnings), Asia (+31%), and Investment Management (+68%). We look for management to provide outlook on 2026 PRT activity and employee benefits demand on tomorrow's conference call. Despite PRT volatility, we view the results as encouraging given MET's ability to generate solid underlying growth, return $1.1B to shareholders in Q1, and deliver strong performance in its asset management unit amid an uncertain business climate.

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